(a) Source: Goldman Sachs, 10/06/99. Gross Debt Service.
Does not account for capitalized interest.
B. Senior Payments
Certain administrative expenses will be incurred on an annual basis and must be paid before payment of debt service. Table 16 presents a breakdown of these expenses in current year (1999) dollars. It is projected that these expenses will increase over time as a result of inflationary increases.
In addition to annual admininistrative expenses, the Trustee is also required to make annual Base Rent payments to the Port, based on the terms of the Base Lease. This amount is established by the Base Lease and is equal to $5,000 per year.
